Caldic announces acquisition of Food Industry Technology Ltd
Rotterdam, The Netherlands, May 30, 2022 - Caldic B.V. today announced the acquisition of UK-based Food Industry Technology Ltd (FIT), a value-add distributor of food ingredients and functional blends. FIT will help accelerate Caldic’s strategy to increase its focus on life science solutions and growth in this attractive market.For over 35 years, FIT has been active in the distribution, manufacturing and sales of specialty ingredients, functional blends and innovative products, targeting nutrition, texture and taste functionalities in particular. The Bedfordshire-based team is dedicated to providing customized solutions and bespoke blends. Furthermore, the application expertise and technical support enable FIT to tailor functional solutions to the UK food manufacturing industry.
Highlights and rationale
- Further strengthen Caldic’s footprint in the UK food industry through a significant increase in scale and continued focus on functional food ingredients
- Substantial expansion of value-add capabilities through dry and wet blending facilities catering to customer specific needs
- Strong focus on attractive and fast growing end markets within life science, such as plant based proteins, and functional solutions
David Gray, Managing Director Food Industry Technology adds, “The team at FIT are excited to join Caldic. We will now have the opportunity to realize some of the growth potential that we have been keen to capitalize on in recent years. We have built up an expert team who now look forward to working with a much larger organization to explore and deliver innovative solutions to the food market.”